Sponsored
Page 6/11

USA

Austrian Business Location Becomes Less Attractive

The economic sentiment of U.S. companies operating in Austria is decreasing. The high non-wage labor costs are Austria´s biggest problem.

October 17, 2012

Voestalpine: No Investments in Europe

Wolfgang Eder, CEO of the Austrian steel company expects that Europe faces a longer phase of stagnation. The steel industry will not recover before mid-2013.

October 12, 2012

Andritz Acquires Allied Environmental Solutions, USA

The Austrian technology Group Andritz has acquired Allied Environmental Solutions, Inc. (AES), with headquarters in Columbia, Maryland, USA.

October 8, 2012

Spindelegger: "Political progress more urgently needed than ever before"

Austria´s Minister of Foreign Affairs meets President of the Palestinian National Authority Abbas and the Foreign Ministers of Tunisia and the United Arab Emirates in New York.

September 27, 2012

“European Union Not Endangered”

Austrian Vice-Chancellor Michael Spindelegger defends the euro at the renowned US university Harvard and emphasises Austria’s performance on the international stage

September 26, 2012

Kapsch and Apple Expand Cooperation

Austrian Kapsch BusinessCom intensifies its cooperation with Apple. Kapsch offers solutions that will soon allow even the newest models such as the iPhone 5.

September 24, 2012

Ukrainian Delegation Has Begun Working Visit to the U.S.

Ukrainian official delegation headed by the Governor of the National bank of Ukraine - Sergyi Arbuzov arrived to the USA to begin a four-day working visit.

September 19, 2012

Austrian Financial Assets Decreasing

Austria is still among the wealthiest nations worldwide. According to a study of the German insurer Allianz, Austria ranks 15.

September 18, 2012

Bawag to Cut 700 Jobs

The Austrian bank plans to sharpen its austerity program. The private trade segment should be downsized in order to reduce the equity requirement.

September 18, 2012

Austrian Audit Court to Check Gold Reserves

According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.

September 1, 2012

Kapsch TrafficCom IVHS Wins Project in Houston, Texas

Award signifies Kapsch’s first Incident Detection System deployment in the U.S.

August 30, 2012

Spindelegger: “No United States of Europe”

The Austrian Vice-Chancellor wants to promote a political union in Europe. However, this system should not be the same like in the U.S.

August 30, 2012

Voestalpine Underlines Expansion Into Asia and America

For voestalpine´s CEO Wolfgang Eder, Europe is a stagnating market. By contrast, growth is expected to take place in the U.S.

August 25, 2012

Lenzing Continues to Supply Fibers to US Army

Flame-resistant fibers from Austria of superior quality.

August 25, 2012

Voestalpine Expands Into USA

In the next several years, the Austrian steel group will be investing more than € 100m in new plants in China, the USA, South Africa, Romania, and Germany

August 23, 2012

Grexit: Aiginger Warns of Shock in the Balkan Region

Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.

August 21, 2012

Hungary: Most Foreign Firms from Austria

In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%

August 7, 2012

AUA Invests € 80m in Long Distance Flights

Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.

July 30, 2012

Kapsch TrafficCom: Major Contract in U.S.

The Austrian IT company achieves a contract award in Texas for supply of first total system in North America. The contract value for implementation reaches $ 79 million (about € 64m).

July 30, 2012

Bawag and Generali Extend Cooperation

The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.

July 23, 2012

Sikorsky and Pankl enter into new long Term Supply Agreement

Austrian Pankl Aerospace Systems wins first Sikorsky Entrepreneurial Challenge.

July 23, 2012

U.S. Zumiez Acquires Austrian Action Sports Retailer

Blue Tomato Sold for € 60m. Zumiez Inc. Acquires Leading Austrian Action Sports Retailer

July 18, 2012

Kapsch TrafficCom: Rise in Revenues Ahead

Analysts expect the Austrian IT company to record a substantial increase in revenues. The earnings are different.

July 16, 2012

Austrian Foreign Trade Figures Flattening

After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.

July 12, 2012

bwin.party´s Earnings Under Pressure

The Austro-British entertainment company issues a pre-close trading update. Due to new taxes in Germany, the expectations are decent.

July 10, 2012

Economic Report: „Reducing Dependence on Europe“

Today, the Austrian government published ist „Economic Report 2012“.

July 9, 2012

Voestalpine to Put Effort into Growth

The Austrian steel producer intends to grow through acquisitions again in the medium term. Exports to Brazil and Asian countries should be promoted.

July 4, 2012

Austrian Automotive Industry in NAFTA Markets

Austrian companies from the automotive sector present themsevels in Detroit on October 25th.

July 2, 2012

Austria Connect 2012 in Washington D.C.

From September 13, 2012 to September 15, 2012 the Austrian Trade Commissions will hold its conference in Washington D.C.

June 29, 2012

Austrian Cultural Forum New York Holds First Fund Raising Concert

New York, 28 June 2012 - The Austrian Cultural Forum in New York is holding its first fund raising concert.

June 28, 2012

Austrian Presence at Intersolar North America

Austrian companies will show their new innovations in San Francisco, California on July 10 – 13.

June 28, 2012

Credit Crunch in CESEE?

Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.

June 27, 2012

Survival of the Euro Questionable

Regarding the future of the common currency, the Austrian economist Fritz Breuss is highly skeptical.

June 26, 2012

U.S. Hedge Funds Hinders Andritz

The Austrian technology group Andritz plans a complete takeover of the German Schuler Group. The U.S. hedge funds Elliott Capital recently acquired a stake in Schuler.

June 25, 2012

Pankl: Major Contract of U.S. Subsidiary

Pankl Racing Systems AG - Sikorsky and Pankl Aerospace Systems enter into new long term supply agreement (Multi-Year VIII Contract).

June 22, 2012

Polish-American Economic Summit in Warsaw Generates New Orders for Poland

Among the US enterprises which announced new deals with their Polish partners were Boeing, Sikorsky and Westinghouse.

June 21, 2012

Intensive Talks between OMV and Romanian Government

The Romanian Prime Minister Victor Ponta initiated talks with the Austrian oil and gas group OMV. Romania wants to control fuel prices in future.

June 19, 2012

Fitch: Austria´s AAA Not Endangered

According to the U.S. rating agency, Austria´s creditworthiness remains at a high level. Nevertheless, reforms would be needed.

June 19, 2012

Austrian E-Control Supports Shale Gas Exploitation

Walter Boltz, CEO of the Austrian energy market regulator, thinks that Europe would benefit from the shale gas exploitation.

June 13, 2012

Kommunalkredit Sale: Austria Hires Morgan Stanley

The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.

June 6, 2012

Slow Growth in Austrian Foreign Trade

January to March 2012: small increase in imports (2.3%) and exports (2.8%).

June 6, 2012

U.S. Forest Laboratories Cooperates with Nabriva

The U.S. pharmaceutical company provides funds of $ 25m to the Austrian Nabriva and secures pre-emptory rights.

June 2, 2012

Austrian Business Location: Further Slump in Competitiveness

According to the Swiss Management Institute IMD, Austria only ranks 21th among 59 analyzed countries. The Austrian tax policy is the absolute weak point.

May 31, 2012

Century Casinos Closes $ 27m Credit Agreement

The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.

May 30, 2012

Austrian Industrial Sector Pushes for Austerity

The Federation of Austrian Industries sees still a huge potential to reduce public expenses and underlines the importance of the industrial sector.

May 22, 2012

Rising Revenues at Novomatic

The Austrian vending machine producer recorded a 17.2% in revenues. The gambling segment was Novomatic´s growth driver.

May 22, 2012

Lam Research Expands in Austria

The U.S. company opens a new research laboratory in Villach (Carinthia) and thus makes a clear commitment to its Austrian operations.

May 18, 2012

Congresses: Vienna Ranks First

Vienna is still number one worldwide in cities hosting international congresses. The U.S. takes first in the country category.

May 18, 2012

Red Bull Still Waits for China

The Austrian energy drink producer aims to enter the Chinese market but still waits for the approval by Chinese authorities.

May 16, 2012

Eder: „Not Making Mistakes of UK and USA“

The CEO of Austria´s largest steel producer voestalpine warns of a de-industrialization in Europe. Today, the UK and the USA would regret their decisions of the past.

May 14, 2012